Date: 2013-07-31

Prediction on the Trend of China Steel Price in September in 2009

The increase of steel price this time started from the middle April, which has been lasting for 17 weeks, almost 4 months until now. The current steel price has come back to the level of August in 2008, which is the highest in the recent 10 months. Because the domestic economic is still in the increasing channel and the output of the downstream industry of the steel industry is still recovering, the real highest point of the price in steel industry has not formed yet. The short-term price call-back can be considered as the release of the risk of continuous price increasing in the early period. As long as the demand is still increasing, the steel price has the drive to increase continuously. Moreover, steel plants

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